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(i. Correct to two decimal places, the sample standard deviation is approximately 25.99.
(ii. Correct to two decimal places, the sample variance is approximately 675.25.
(iii) The range is approximately 100.
Free Market Ethics
Ethical principles that support or relate to the functioning of unregulated markets and the voluntary exchange between parties.
Milton Friedman
An influential American economist known for his advocacy of free markets, limited government, and a pioneering contributor to the fields of economics and statistics.
Social Responsibility
The idea that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate.
Profits
The financial gains obtained after subtracting the costs and expenses from the total revenue generated by a business or investment.
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